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Exploring the Role of Islamic Fintech in Combating the Aftershocks of COVID-19: The Open Social Innovation of the Islamic Financial System

Mustafa Raza Rabbani, Abu Bashar, Nishad Nawaz, Sitara Karim, Mahmood Ali, Habeeb Ur Rahiman, Md Shabbir Alam · 2021 · Journal of Open Innovation Technology Market and Complexity

Summary. Islamic financial technology can help economies recover from COVID-19 by combining ethical Islamic finance principles with fintech innovation. The study argues that Islamic finance's emphasis on corporate social responsibility and financial stability makes it well-suited to address pandemic-related economic disruption. Open innovation approaches in Islamic fintech enable faster, more reliable solutions than conventional finance, offering governments and policymakers a sustainable tool for economic recovery.

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Rabbani, M. R., Bashar, A., Nawaz, N., Karim, S., Ali, M., Rahiman, H. U., & Alam, M. S.. (2021). Exploring the Role of Islamic Fintech in Combating the Aftershocks of COVID-19: The Open Social Innovation of the Islamic Financial System. Journal of Open Innovation Technology Market and Complexity. https://doi.org/10.3390/joitmc7020136

Details

DOI
10.3390/joitmc7020136
Countries
India, Malaysia
Regions
Asia
Categories
funding, policy, innovation-theory, general-innovation
Added
2026-04-28